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5 December 2024 | 20 replies
I require tenants to replace consumables like refrigerator filters or HVAC filters.
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6 December 2024 | 5 replies
The one habit that changed my life was contemplating how every dollar could create another dollar instead of a consumable purchase.
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5 December 2024 | 4 replies
2.) looking for advice on how to deploy 600+ thousand dollars into real estate and start receiving the cash flow from it without having to pull the 401(k) out and swallow the tax ramifications.I currently own 13 units and receive healthy cash flow from all of them, but I am looking to increase my cash flow so I can ease into the next phase of my life which includes work of a different kind but not doesn’t having a 9 to 5 job.Thanks in advance!
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5 December 2024 | 4 replies
They can handle time-consuming tasks like lease renewals, tenant correspondence, and basic admin work.
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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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5 December 2024 | 11 replies
Efficiency: AI tools can automate time-consuming tasks such as property searches, fiscal modeling and even property management.
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9 December 2024 | 20 replies
Same on the rental side- demand- will be low, so you have to take on less than desirable tenants, which are costly and time consuming.
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3 December 2024 | 5 replies
My thoughts are that if it’s in good enough shape I can sell to a consumer buying with a mortgage company or if needs work sell to an investor for a discount to make a profit.
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4 December 2024 | 0 replies
This can be time consuming and frustrating to keep track of.
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2 December 2024 | 4 replies
The E-Myth by Michael Gerber- Start and operate your business with the consumer in mind... not you... not your product or service.